VSTO announced the acquisition of Simms Fishing Products just before revealing its first quarter results, making for the second major deal—along with Fox Racing—since the end of the period. It will pay $192.5 million for Simms financed via an existing ABL credit facility, that includes roughly $20 million in future tax benefits. The deal is expected to close in the second quarter of 2023. Vista anticipates that the transaction will be accretive to earnings, excluding costs, in FY24. Sims will be part of Vista’s Outdoor Products segment once the planned 2023 ... Log in to view full article.